SHIB Added to Binance Card, Surging Price to +90%. Buy Now?

  • Shiba Inu (SHIB) records a price growth rate of over 90%
  • SHIB ranks as one of the top 15 cryptos in the market 
  • Binance card adds SHIB as one of its payment options in Europe

Shiba Inu (SHIB) took the cryptocurrency world by storm with its price growth rate of over 90%. This increased rate is the performance of SHIB in the past 12 months of the year, a remarkable performance amid the bearish market. Currently, SHIB ranks as one of the top 15 cryptocurrencies in the statistics provided by CoinGecko.

Source: TradingView

As seen in the chart above, the RSI of SHIB remains within the 70/30 range. The current level of SHIB’s RSI indicates that the cryptocurrency is neither oversold nor overbought. As a result, traders and investors can still trade without the fear of any price reversals. 

Meanwhile, the MACD of SHIB continues to move above the “0” level, a bullish indicator. If this SHIB maintains this level of performance, the crypto might be able to surge its price to nearly $0.000025. Best of all, traders can still expect SHIB’s price to boost even more due to continued network developments. 

The acceptance of SHIB as one of Binance cards’ payment options in Europe is one of the factors to consider in the surging price of SHIB.   

Aside from Europe, Master Card and Binance partnered to launch a prepaid card in Argentina. The spread of Binance payment cards globally plays a big role in the propagation of cryptocurrency awareness in the world. 

Disclaimer: The views and opinions in this article belong to the writer alone, and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers perform their own in-depth research before investing in cryptocurrency.

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José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.